- NinjaTrader 7 platform: NOT PLANNED
- NinjaTrader 8 platform: AVAILABLE NOW
- Calculate mode: any modes
- Trader manual: not available
Murrey Math Oscillator Pro is a new oscillator calculated based on the position of price in relation to the midline of the Donchian channel, with options for price smoothing. Our calculation formula ensures that the indicator values oscillate between -100 and 100.
The Murrey Math’s concept was then applied to this product to divide the range of the oscillator values into 8 regions (hence the product name):
- Positive Quadrant 1st: 0 to 25
- Positive Quadrant 2nd: 25 to 50
- Positive Quadrant 3rd: 50 to 75
- Positive Quadrant 4th: 75 to 100
- Negative Quadrant 1st: 0 to -25
- Negative Quadrant 2nd: -25 to -50
- Negative Quadrant 3rd: -50 to -75
- Negative Quadrant 4th: -75 to -100
For ease of recognition, the oscillator plot can be colorized in 8 different user-defined colors corresponding to these 8 quadrants.
A moving average of the oscillator was added to help generate reversal signals, which become the best value of this indicator:
- A bullish reversal signal is provided if the oscillator crosses above its moving average in the lower zone.
- A bearish reversal signal is provided if the oscillator crosses below its moving average in the upper zone.
The upper & lower zones are identified based on “Strict Mode”:
- “Strict Mode” enabled: The upper zone is above 75 and the lower zone is below -75.
- “Strict Mode” disabled: The upper zone is above 50 and the lower zone is below -50.
- Popup alert
- Sound alert (configurable rearm)
- Email alert (possibly configured as SMS alert)
- Message displayed in Alerts Log window
- Can be used in ninZa.co's GRAND* HelloWin (our AMAZING analysis tool)
- Can be used in Market Analyzer
- Can be used in Strategy Builder
- Can be used in BloodHound
- Can be used in 3rd-party indicators, strategies, products
- Professional & clean signature for easy calling
Dedicated NinjaScript signals:
- Signal_Trade: 1 = bullish, -1 = bearish, 0 = no signal
- 4 = positive quadrant 4th (75 → 100)
- 3 = positive quadrant 3rd (50 → 75)
- 2 = positive quadrant 2nd (25 → 50)
- 1 = positive quadrant 1st (0 → 25)
- -1 = negative quadrant 1st (0 → -25)
- -2 = negative quadrant 2nd (-25 → -50)
- -3 = negative quadrant 3rd (-50 → -75)
- -4 = negative quadrant 4th (-75 → -100)
- Ready to use out of the box
- Fully configurable & customizable with ease
Please read Installation Guide for details.
FREE support for life! Feel free to ask us anything, anytime.
On NinjaTrader 8, you even have access to our PRIORITY SUPPORT directly from charts.
Please read Customer Service for details.
All software upgrades for NinjaTrader 7 are absolutely FREE of charge.
All software upgrades for NinjaTrader 8 are absolutely FREE of charge.
A one-time low fee may be required for an upgrade from NinjaTrader 7 to NinjaTrader 8.
Please read Upgrade Policy for details.
ALL SALES ARE FINAL & NON-REFUNDABLE!
Because software products may be copied and stored easily, we will NOT issue refunds of any kind.
Upon purchasing this software, you agree to be bound by Terms of Service.
NinjaTrader 8 version:
- 24 Nov 2022 – The indicator was released (build new).